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+--- Thread: bikes value for tax appraisel (/showthread.php?tid=1552)
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bikes value for tax appraisel - Houtman_imp - 03-06-2018
In NC we have property tax on our vehicles , including motor cycles.
Last year my 2013 CB 1100 with ABS was appraised at $ 9,900 and my 2014 DLX at $ 7,652
I just got the bill for my 2018 tax and my 2013 and it is still $ 9,900 !
Is it that very few 2013 with ABS were sold , perhaps I should sell my bike to Buncombe County / NC tax office !
RE: bikes value for tax appraisel - use2b_imp - 03-06-2018
that is so sad . we have no such thing in Florida and have 9 vehicles , most with antique tags [ about $32 a year ] other than insurance that is it. we have no state income tax , no tax on food , my home is homestead exempt and less than $60 a year tax on 31 acres of agricultural land.
I would declare the bike to be worth about 5K myself , without ABS even less. good luck SMH
RE: bikes value for tax appraisel - Bheezy27403_imp - 03-06-2018
You can dispute the value with a written letter. They won't come down much but if you keep on them you get them down some.
I had an '88 Prelude (4WS, fun car) that I bought mint in 2003 for $2k. It was appraised at $4500! I told them to come buy it immediately! I would even give them a deal at $4k!
RE: bikes value for tax appraisel - LouA_imp - 03-06-2018
I once owned a '76 Triumph Bonneville that was appraised for more than it sold for new!!
RE: bikes value for tax appraisel - Razor - 03-06-2018
I’d take it to a bike dealer and ask if they’d appraise it for the retail & wholesale value. Then present the info and see if they’ll meet you somewhere in between.
RE: bikes value for tax appraisel - Blockhead_imp - 03-06-2018
I’m glad we don’t have that kind of tax in Pa...however, they screw us in other ways.
RE: bikes value for tax appraisel - LongRanger_imp - 03-06-2018
In Colorado, a portion of the annual registration fee is based on the original purchase price, not on the current appraised value, but they apply a sliding scale each year to determine the tax amount. This year's registration on my CB will be about $60, of which $3 is the property tax piece (which is tax deductible if you itemize).
RE: bikes value for tax appraisel - Houtman_imp - 03-06-2018
(03-06-2018, 01:05 AM)use2b_imp Wrote: that is so sad . we have no such thing in Florida and have 9 vehicles , most with antique tags [ about $32 a year ] other than insurance that is it. we have no state income tax , no tax on food , my home is homestead exempt and less than $60 a year tax on 31 acres of agricultural land.I am thinking about moving in with you !
I would declare the bike to be worth about 5K myself , without ABS even less. good luck SMH
Can I bring my wife and 2 cats as well.
All joking apart we love the Asheville area , our house property tax is $4,100 but still a lot less than what we paid in NY.
RE: bikes value for tax appraisel - Lord Popgun - 03-06-2018
Asheville huh? Do you, by any chance, know how much the tax is on Biltmore House? I tried to find it on-line and was never successful. Here you can look up any address on the on-line property tax site the city runs.
In Va. Beach the tax on my bikes and car goes down every year. Is still kinda high though.
RE: bikes value for tax appraisel - PowerDubs_imp - 03-06-2018
(03-06-2018, 01:05 AM)use2b_imp Wrote: that is so sad . we have no such thing in Florida and have 9 vehicles , most with antique tags [ about $32 a year ] other than insurance that is it. we have no state income tax , no tax on food , my home is homestead exempt and less than $60 a year tax on 31 acres of agricultural land.
I would declare the bike to be worth about 5K myself , without ABS even less. good luck SMH
How does that work?